AUD,NZD/Flows and Orders/FXWW News/Technical Analysis/Trade Ideas

NZD/USD under pressure in early European trade

Technical resistance around 78.60 in NZD/JPY (see chart) has held nicely and straight NZD/USD has taken a bit of a hit in early Europe. I don’t trade the Kiwi but with AUD/NZD starting to attract profit takers and with NZD/JPY starting to obey technical signals, selling the NZD/USD on rallies looks like the way to go. Next support in NZD./USD is at 78.50.

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